Ray Dalio of Bridgewater Associates spoke to Bloomberg about how "dangerous self-reinforcing dynamics" are posing a significant threat to the global economy as world's largest economies enter slowdown.
Here are the key highlights of what he said:
- Global growth has slowed in the past few months to about 1.9% from 3.3% as Europe deleverages and China slows down.
- Europe is closer to debt implosion as currency collapses. He said, "We think there are good reasons to doubt that the European bank and sovereign delveraging will be prevented from progressing to next stage in a disorderly way."
- The stock market is declining as it is taking into account the weaker earnings going forward given the increased slowdown in the global economy.
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Here are the key highlights of what he said:
- Global growth has slowed in the past few months to about 1.9% from 3.3% as Europe deleverages and China slows down.
- Europe is closer to debt implosion as currency collapses. He said, "We think there are good reasons to doubt that the European bank and sovereign delveraging will be prevented from progressing to next stage in a disorderly way."
- The stock market is declining as it is taking into account the weaker earnings going forward given the increased slowdown in the global economy.
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